IMC International Mining Corp. To Release Results From Thane Property Work Program and Provides Corporate Update
IMC International Mining Corp. To Release Results From Thane Property Work Program and
Provides Corporate Update
November 9, 2020
Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the “Company”
or “IMC”), is pleased to advise that the results of the Thane Property summer work program are
currently being received and analyzed by the IMC’s exploration consultants and we expect to report
their conclusions in the very near future. Presently, the Company is in a good cash position with no debt
and still has access up to $8,000,000 in an equity draw down with Alumina Partners Inc. IMC has
targeted additional exploration opportunities in Canada with particular emphasis on B.C and will
immediately report any acquisitions as they arise.
The Company also announces the appointment of Dave McMillan as Interim Chief Executive Officer in
addition to his current role as Interim President and as a director of the Company. This appointment is a
result of the resignation of Brian Thurston as Chief Executive Officer and as a Director in order to pursue
his other business opportunities. The company thanks Mr. Brian Thurston for his time and effort he put
into the company.
Mr. McMillan has been involved in the mining and financial markets for over 40 years and has, since his
retirement from the securities industry in 2000, held numerous director and executive roles in public
and private companies. During his 17 years in the securities industry, Mr. McMillan was an investment
adviser, vice-president, director and senior partner at one of the top private brokerage firms in Canada.
During this time, Mr. McMillan was instrumental in the financing of many junior exploration companies
in North America and South America, including the junior exploration companies that originally
discovered the mineral resources that led to the development of the Kemess and Mount Milligan mines,
both of which are located in the same geological trend as the company's Thane project in British
Columbia.
The Company also advises that granting of 1,000,000 options exercisable at $0.19 for 5 years to certain
Directors subject to vesting restrictions as defined in the Company’s stock option plan.
ON BEHALF OF IMC INTERNATIONAL MINING CORP.
Greg Hawkings
Chairman of the Board of Directors
1-604-897-8804
Dave McMillan
1-778-773-4560
ABOUT IMC INTERNATIONAL MINING CORP.
IMC is a junior exploration and development company focused on creating shareholder value through the
advancements of its current assets that include the Thane Property in north-central British Columbia, and
the Bullard Pass Property in Arizona. Utilizing its heavily experienced management team, IMC continues
to source and evaluate assets to further generate shareholder value.
The Thane property covers approximately 206 km 2 (50,904 acres) and is located i n the Quesnel Terrane
of north-central British Columbia. The northern part of the Quesnel Terrane extends from south of the
Mt. Milligan Mine northward to the Kemess Mine, with the Thane property located midway between
these two copper -gold porphyry deposi ts. The Thane property includes several highly prospective
mineralized areas identified to date, including the ‘Cathedral Area’ on which the Company’s exploration
is currently focused.
The Bullard Pass Property is comprised of 171 unpatented federal lode claims totaling 3,420 acres and is
located in west-central Arizona, northwest of Phoenix, within the Pierce Mining District of Yavapai County.
The property has a regional setting typical of detachment fault gold deposits and has geological, mining
and metallurgical similarities to the Mesquite Mine in California. The claims are 100% owned by IMC
International Mining Corp.
INVESTOR RELATIONS:
Email: [email protected]
Telephone: +1-604-588-2110
https://imcxmining.com
Forward-Looking Information: This news release contains "forward -looking information" within the meaning of
applicable securities laws relating to statements regarding the Company's business and plans, including with respect
to undertaking further acquisitions and carrying out exploration activities in respect of its mineral projects. Although
the Company believes that the expectations reflected in the forward -looking information are reasonable, there can
be no assurance that such expectations will prove t o be correct. Readers are cautioned not to place undue reliance
on forward-looking information. Such forward -looking statements are subject to risks and uncertainties that may
cause actual results, performance and developments to differ materially from t hose contemplated by these
statements depending on, among other things, risks related to the ability of the Company to obtain necessary
approvals; speculative nature of the Company’s business; t he Company’s formative stage of development; the
Company’s financial position; conclusions of future economic evaluations; business integration risks; fluctuations in
the securities market; that the Company's plans and prospects will vary from those stated in this news release; that
the Company does not complete any further acquisitions; that the Company does not carry out exploration activities
in respect of its mineral projects as planned (or at all); and that the Company may not be able to carry out its business
plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend
to update any forward -looking statements or forward -looking information in this news release. Although the
Company believes that the expectations reflected in the forward -looking information are reasonable, there can be
no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales
reported. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release